1 Percival Street

Bayswater VIC 3153

Set across a rare and expansive allotment of approximately 2,165 square metres, 1 Percival Street in Bayswater presents an extraordinary opportunity to secure a property with boundless potential in a prime, well-connected location. With its generous land size, wide street frontage and flexible layout, this is the ideal canvas for a multi-dwelling redevelopment, large-scale renovation, or long-term investment. Whether you're an experienced developer looking to unlock the block's value or a visionary renovator keen to restore and reimagine, the scope here is truly significant.

Further elevating its appeal, the site comes with a formally approved 100-place childcare centre (commercial use) and a concept feasibility for 9 townhouses (STCA), opening the door to multiple lucrative possibilities. The existing home offers four bedrooms, two bathrooms, a central laundry and an open-plan kitchen and meals area that flows into the main living and dining zone, which features an electric heater. A large covered pergola with decking provides the bones of a great outdoor entertaining space. Storage and parking are more than covered, with a huge four-car garage, additional four-car covered carport, and a freestanding storage shed. The home is in liveable condition but would benefit from a comprehensive renovation to bring it up to modern standards, giving you the chance to tailor the design to your needs or add value before developing.

Backing onto a peaceful, residential street yet moments from everything Bayswater has to offer, this property represents a golden opportunity to invest in a rapidly growing suburb where land of this size is becoming increasingly scarce. The size, layout and position all point to incredible future rewards.